Annual Report

Contents

Board of Directors Summarised Balance Sheet and Profit and Loss Account Chairman’s Statement Notice Financial Statistics Directors' Report Management Discussion and Analysis Report on Corporate Governance Subsidiary Companies: Financial Highlights 2009-10 Fund Flow Statement Standalone Accounts – Auditors’ Report – Balance Sheet – Profit and Loss Account – Cash Flow Statement – Schedules to Accounts – Significant Accounting Policies – Notes to Accounts Balance Sheet Abstract and Company’s General Business Profile Consolidated Accounts – Auditors’ Report – Balance Sheet – Profit and Loss Account – Cash Flow Statement – Schedules to Accounts – Significant Accounting Policies – Notes to Accounts 2 3 4 7 12 13 23 35 50 52 53 56 57 58 59 73 76 92 93 94 95 96 97 105 110

Annual General Meeting Date Time : Wednesday, September 1, 2010 : 3.00 p.m. 19, Sir Vithaldas Thackersey Marg, Mumbai 400 020. Rs. 1 crore = Rs. 10 million

Venue : Birla Matushri Sabhagar,

Board of Directors

Contents

Ratan N Tata

Chairman

Management Team

Carl-Peter Forster, Chief Executive Officer & Managing Director P M Telang, Managing Director-India Operations C Ramakrishnan, Chief Financial Officer R Pisharody, President (Commercial Vehicles Business Unit) T Leverton, Head, Advanced and Product Engineering S N Ambardekar, Sr. Vice President (Manufacturing Operations-CVBU) S Krishnan, Sr. Vice President (Commercial-PCBU) P Y Gurav, Sr. Vice President (Corp. Finance-Accounts and Taxation) S B Borwankar, Head (Jamshedpur-Plant) Vikram Sinha, Head (Car Plant-PCBU) B B Parekh, Chief (Strategic Sourcing) U K Mishra, Vice President (ADD and Materials-CVBU) A A Gajendragadkar,Vice President (Corp. Finance-Business Planning) N Pinge, Chief Internal Auditor R Bagga, Vice President (Legal) R Ramakrishnan, Vice President - Sales & Marketing(CVBU) S Ravishankar, Vice President (Engg. Systems, ERC) Girish Wagh, Head (Small Car Project)

Ravi Kant

Vice-Chairman

J J Irani R...